"Sure enough!"

Zhong Shi sat upright in the middle of the conference room, looking unfazed.

At this time, the high-level executives of the Tianyu Fund who were sitting on either side of him had extremely shocked looks on their faces. The news of the sudden abandonment of the new Taiwan dollar shocked them so strongly that even after half an hour, they still couldn't hide the look of surprise on their faces.

"Point solution (for what)?" It was the only thought on their minds at the moment. It is important to know that the authorities of Yizhou have more than $50 billion in foreign exchange reserves, and the capital account is not yet fully open, which means that even if hedge funds want to hit the NTD, they cannot do so through large-scale exchange channels, but only through limited exchange and shorting of NTD currency futures contracts in other markets.

Of course, there is also the possibility that the central bank of the Yizhou authorities has a large number of forward contracts, and they are not too far away from the time of payment. However, where the capital account is not fully open, it is unlikely that the number of central bank forward contracts will be found.

Looking at the bewildered faces, Zhong Shi smiled, coughed lightly, broke the silence in the conference room, and only after seeing everyone's eyes looking at him, did he say: "Are you thinking, why would the Yizhou authorities suddenly announce the abandonment of the new Taiwan dollar?" ”

Regarding the announcement of the abandonment of the Yizhou authorities this time, Zhong Shi certainly has his own understanding. Now he can be said to have experienced two Asian financial crises, the first because of the level and position is too low, and he naively thinks that these Southeast Asian countries themselves have problems and have exploited loopholes for hedge funds. Now he thinks about it. In fact, behind the outbreak of this crisis is the struggle of the superpowers, which in the form of economic warfare has not only not died down, but has intensified. Now the abandonment of the NTD is just the beginning, and more exciting is yet to come.

Naturally, he could not explain these reasons to the rest of the room, because this was too unbelievable, and it involved a contest at the national level, and if people of other nationalities heard about it, it was inevitable that they would take sides. This is not a threat to the series of "chestnut in the fire" schemes that follow him.

Hear Zhong Shi's words. Everyone was silent again, and they all pricked up their ears, wanting to hear how Zhong Shi interpreted this unexpected news.

However, to their disappointment, Zhong Shi did not dwell too much on the topic of the sudden depreciation of the new Taiwan dollar. Instead, put the topic aside. Quite disappointed, he said: "Rather than being entangled in the news of the abandonment of the new Taiwan dollar. It is better to consider the impact of this news on the Hong Kong stock market, or rather, the impact on the Hong Kong dollar. ”

Several senior managers were discouraged at first. They were accustomed to looking for answers to questions they couldn't figure out, but as soon as Zhong Shi opened his mouth, he didn't intend to give them a clear answer. However, Zhong Shi's words later made their eyes shine again, yes, the depreciation of the new Taiwan dollar has become a sure and unchangeable fact, and the most important thing now is indeed to consider the subsequent impact.

In terms of geographical location, Yizhou and Hong Kong are very close to each other, and culturally they belong to the same Chinese cultural circle, but economically they are not quite the same. At present, the electronics industry and agriculture are extremely competitive in East Asia, while Hong Kong's pillar industries focus on tourism, exports and finance, and the two are not too related.

However, there is a problem, that is, the Hong Kong Stock Exchange has vigorously explored the Yizhou market in recent years, hoping that those companies interested in the mainland market or the international market will come to Hong Kong to list, after all, it is more international and can attract more capital inflows. Therefore, the depreciation of the new Taiwan dollar will inevitably affect those Yizhou companies listed in Hong Kong, and companies with high business relevance to Yizhou will also be affected accordingly.

In terms of market influence, the Yizhou stock market is far from being comparable with the Hong Kong Stock Exchange, and in recent years, the Singapore market and the Hong Kong market have been running between various countries and regions, all for the purpose of competing for listing resources. After all, apart from the Tokyo Stock Exchange, these two exchanges are the largest exchanges in the entire Asian region.

After hearing Zhong Shi's words, the first reaction of the people was that they were about to have an impact on these companies, but when they were about to speak, they heard Ma Jiarui say: "Judging from the current form, the depreciation of the new Taiwan dollar is not necessarily a bad thing, at least for the enterprises in the Yizhou area, their products will be more competitive." ”

The depreciation of the currency makes the price of the product cheaper, which is the basic understanding of economics, and a few people who just wanted to say that it was not good for Yizhou enterprises turned red, and what they originally planned to say swallowed back again.

"But the problem is ......"

Ma Jiarui pondered for a moment, and after seeing that everyone else was looking at him, the corners of his mouth twitched slightly, and then he continued: "The depreciation of the new Taiwan dollar will definitely have an impact on the Asian currency market, which has tended to be stable, and those currencies that have managed to stop the depreciation with great difficulty may suffer a new round of depreciation pressure." In addition, other currencies such as the Hong Kong dollar are likely to be attacked in this wave. ”

Seeing that everyone's faces changed, Ma Jiarui also realized that his words might be a bit exaggerated, and then said curtly: "Of course, I'm just guessing, it's not necessarily the case. ”

"No!"

Zhong Shi tapped the mahogany round table with his fingers, making a crisp sound, attracting everyone's attention, and said with a solemn face: "No! Chris's statement is definitely not alarmist, but most likely to be true. In fact, in the past few months, the confidence of currency investors in the entire Asian region has been in a state of chaos, and the slightest wind and grass can cause abnormal volatility in the whole market. In addition to these, don't forget, what is the next trading day? ”

"What day?" After listening to Zhong Shi's words, everyone pondered for a while, and felt that what he said made sense, after all, no matter which capital market, confidence is extremely important. Once there is a collapse of confidence and a herd effect, it will be a plummeting situation. Although the foreign exchange market is different, the corresponding effects are inevitable. Even with the support of the central bank in the back.

Ren Ruowei reacted the fastest, and blurted out while others were still thinking about Zhong Shi's previous words: "Monday, October 20." ”

"What else?" Zhong Shi glanced at him, then turned his gaze away, clearly not satisfied with the answer.

“……”

Ren Ruowei suddenly became dumbfounded, lowered his head and repeated "Monday" a few times, suddenly his eyes lit up, he raised his head and said loudly: "Black Monday, the tenth anniversary of Black Monday." Oh my! Oh my! Oh my! ”

He sighed three times in a row. Apparently "Black Monday" provoked memories of deep fear in his heart, and he lost his temper for a while.

When the others heard "Black Monday", their faces were first stunned, and then their faces were gloomy. Obviously, the term is not so comfortable for them.

But Andrew, who had been there all along, turned a strange face. First frowned and thought for a while. Then he winked his eyebrows at Zhong Shi in the middle, obviously remembering the genius boy at the beginning.

On October 19, 1987, the Hang Seng Index plunged 420 points for no apparent reason. fell by 11.12%, and just when all parties were stunned, a round of falling frenzy swept the global market. The Financial Times Index (London) fell 249 points, or 10.84%, on the day and 250 points, or 12.22%, on the day after the news that the New York stock market plunged 5% and ended Monday when the Asia-Pacific market plunged, which affected the performance of global stock markets. After the contagion reached the United States, the Dow Jones Industrial Average fell 508 points, or 22.61%, and although it opened higher the next day, it only rose 5.88%, still evaporating 400 points of market value. After this day's decline, the Hong Kong Stock Exchange was forced to close for four days, but when the market reopened on October 26, the Hang Seng Index still fell wildly, falling 1,120 points throughout the day, a drop of 33.33%, the largest in this round of decline.

For the entire 10 months that followed, the Hong Kong market did not recover, falling by 45.8%. In other words, even if the portfolio is replaced with the allocation of constituent stocks, it is still a situation of halving. It is important to know that most of these constituent stocks are blue-chip stocks, with good fundamentals, sufficient cash flow, and sufficient expectations for the market and prospects. In this case, few people who hold stocks are immune, except for those who are short-sellers. At that time, Hong Kong even had payment problems due to the failure of many stock index futures to be delivered, which was finally reluctantly resolved by the intervention of the British government in Hong Kong.

Some of these people here have just entered the industry, some have been investing for several years, and some are still studying hard in ivory towers, so it can be said that everyone is full of hope for the future, but they did not expect that a stock market catastrophe that cannot even explain the reason will sweep away their savings. At that time, it was unknown how many people committed suicide because of this, and the news reports showed that bodies were found on the top of mountains and on the beach every day, and the whole society was filled with an extremely pessimistic atmosphere, and some economists even believed that the Great Depression would come again.

Thankfully, the Great Depression did not happen, and the economy soon recovered. And these people here have survived, but the thrill of that time has remained in their minds forever.

So when they heard "Black Monday", almost everyone's faces were gloomy, and in the stock market crash that swept the entire market, there was probably no one present who did not lose money, except for Zhong Shi.

During that inexplicable decline, Zhong Shi made a fortune in the U.S. market through Andrew's brokerage at the time, which became his single most profitable trade, and he was only a teenager at the time.

Originally, in the past few years, the media had to hype up "Black Monday" on the fourth Monday of October, but after several years, the stock market did not repeat the situation similar to 1987 on this day, which also made investors gradually forget about this day.

It's just that everything is different now, the currency storm raging over Asia has not completely dissipated, just when people just took a breath, the Yizhou authorities came out in a timely manner to stir up the situation, and chose the last Friday before the arrival of "Black Monday" to announce the abandonment of the new Taiwan dollar, and after the next two days of rest, coupled with the psychological shadow, the effect of this disturbance will definitely be infinitely magnified.

"Not bad!"

Zhong Shi still looked unfazed, but when he saw that everyone's faces had changed, he intended to ease the atmosphere, so he chuckled: "You don't have to be too nervous, after all, this is all in the past, and no one should invest in the Hong Kong market now, right?" Ha Luha, if yes, cash out as soon as possible, huh? It's a little late now, haha. ”

Naturally, apart from Andrew's dry laughter, no third person laughed out loud. Zhong Shi was bored, and after a moment of silence, he said lightly, "Everyone, don't dwell on the old things anymore. If you think about it, even when you hear Black Monday, what do other investors think when they hear it? ”

……

"Naturally, there is a lack of confidence and cashing out, so that the index that we have just stabilized will fall sharply again!" Song Ling said bitterly. (To be continued......)

PS: PS: I'm really sorry, folks, I still owe a chapter. Recently, I have not been feeling well, especially near the end of the month, the weather is warm and cold, and I have a fever accidentally. In the past two days, I have been battling the torment of the disease, first adding some words to the number of words, and then making up for it when my health is better. I'm so sorry. At the same time, thank you to Yuan Xi, Shadow K, I'm really annoying, Xingzhi 0 and other book friends who voted for the monthly ticket yesterday!